×
×
Project Insights

Ukraine mulls repeat of Dolphin tender

The country is considering re-running the tender for the block to attract a bigger player, but such a move could provoke a legal challenge that would delay its development The country is considering re-running the tender for the block to attract a bigger player, but such a move could provoke a legal challenge that would delay its development.
By Anna Gumbau 15 August 2019 Europe & Russia / Exploration & Production 0 34493
Ukrainian Prime Minister Volodymyr Groysman in the Ukrainian parliament (PA)

Ukraine is considering re-running the tender for its Black Sea Dolphin Block to attract larger foreign players, a move that could trigger legal issues that would paralyse investment in the concession.

Trident Black Sea, a joint venture 90%-owned by US-based Trident Acquisitions and 10%-owned by Ireland-based San Leon Energy, was unveiled as the successful bidder in the tender for the Dolphin production-sharing agreement (PSA) on 26 July.

The result did not seem to please Ukrainian Prime Minister Volodymyr Groysman, who was expected to give the final approval...